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The quick answer is “it depends.” But, for the 33 percent of retirees who now rely more heavily on their Social Security benefits to sustain their lifestyle, the answer takes on even more significance. Generally, your income from Social Security is not taxable on its own; but when it’s combined with other sources of income for tax reporting purposes, a portion of your Social Security benefits, up to 85 percent, could be includable as taxable income. Unfortunately, over 40 percent of retirees aren’t aware that their benefits could possibly be taxed, and it is always a rude awakening when it happens.

It’s happening with increasing frequency – people who finally get around to checking their credit card statements see an unusual charge or go to charge a purchase only to find out their credit card is maxed out when they have hardly used it. Credit card fraud is a $200 billion a year business affecting more than 10 percent of households. That means there is a one in ten chance that you can be a victim of credit card fraud. But, if you know the credit card fraud detection and protection basics, your chances go way down.

One of the best illustrated instances of indecision occurs in the story of Alice in Wonderland in which Alice comes to a fork in the road and must choose a path to continue her journey. She seeks the advice of grinning Cheshire cat which appears out of nowhere. “Where are you headed?” the cat asks Alice, to which she replied, “I don’t know.” “Well,” the cat smugly responds, “then it really doesn’t matter.”

Information on this web site is directed toward U.S. residents only. E.T. George Investment Management, LLC, is registered as an investment adviser with the Securities Exchange Commission. E. T. George Investment Management, LLC only transacts business in states where it is properly registered and/or notice filed, or is excluded or exempted from such registration/ notice filing requirements. Information on this website is not an offer to buy or sell, or a solicitation of any offer to buy or sell the securities. Hyperlinks on this website are provided as a convenience and we disclaim any responsibility for information, services or products found on websites linked hereto. All investments have the potential for profit or loss. Past performance does not guarantee future success.